Mortgage Broker Contract Template for Ireland

The Mortgage Broker Contract is essential for financial services providers operating in the Irish mortgage market. This document is required when a mortgage broker enters into a professional relationship with clients seeking mortgage financing assistance. It ensures compliance with Irish financial services regulations, particularly those set by the Central Bank of Ireland, and incorporates requirements from the Consumer Credit Act, European Union (Consumer Mortgage Credit Agreements) Regulations 2016, and other relevant legislation. The contract covers crucial aspects such as service scope, fee structures, regulatory compliance, data protection, and professional obligations, while protecting both broker and client interests in the mortgage arrangement process.

1. Parties: Identification of the mortgage broker and the client, including full legal names and addresses

2. Background: Context of the agreement and confirmation of broker's regulatory status with Central Bank of Ireland

3. Definitions: Key terms used throughout the agreement including regulatory terms and service-specific definitions

4. Scope of Services: Detailed description of mortgage broking services to be provided, including specific activities and limitations

5. Broker's Obligations: Core duties including regulatory compliance, due diligence, and best practice requirements

6. Client's Obligations: Client responsibilities including providing accurate information and documentation

7. Fees and Compensation: Structure of broker fees, commission disclosure, and payment terms

8. Regulatory Compliance: Specific provisions ensuring compliance with Irish financial services regulations and EU directives

9. Confidentiality and Data Protection: GDPR compliance and handling of client's personal and financial information

10. Duration and Termination: Term of the agreement and circumstances under which it can be terminated

11. Liability and Indemnification: Extent of broker's liability and professional indemnity provisions

12. Complaints Procedure: Process for handling client complaints in line with regulatory requirements

13. Governing Law: Confirmation of Irish law governance and jurisdiction